RealPage barred from using real-time data to set rents under new DOJ settlement

Instead, the only nonpublic data that RealPage can use to train its software’s algorithm must be at least one year old. Landlords could no longer rely on rent-pricing software to quietly track each other’s moves and push rents higher using confidential data, under a settlement between RealPage Inc. and federal prosecutors to end what critics said was illegal “algorithmic collusion.”